Investor Presentaiton
Strong client flows driving non-funded income growth
Non-funded income
FY'23
FY'22
%A YOY
Q4-23
%A QOQ Key Highlights
(All figures are in AED m)
•
Fee and Commission income
8,959
7,004
28%
2,561
37%
Fee and Commission expense
(4,086)
(2,923)
40%
(1,200)
41%
Net Fee and Commission Income
4,873
4,081
19%
1,361
33%
Other operating income
7,595
5,152
47%
986
(5)%
Gain/loss on trading securities
480
52
823%
149
170%
Total Non-funded income
12,948
9,285
39%
2,496
18%
Emirates NBD
60 years together
1601
Healthy quarterly trend in fee and commission income from increased local &
international retail card business at both ENBD and DenizBank, Trade Finance
product growth, and increase in treasury volumes and wealth management deals in
ENBD
Q4 Fee income up 28% y-o-y on higher retail card spend volumes at ENBD and
DenizBank, in addition to IPO transactions
Other operating income increased 47% y-o-y due to an increased volume of retail
customer FX remittance, additional corporate hedging and lower swap funding
costs in Turkey
Fee and Commission Income
(AED m)
Other Operating Income
2,561
(AED m)
2,394
82
2,016
1,993
78
277
261
1,870
68
69
73
267
271
228
2,039
2,394
23
284
2,174
91
287
328
311
1,041
2,218
85
986
2,038
2,087
49
38
1,569
1,681
1,653
1,755
287
1,441
907
661
Q4-22
Q1-23
Fee Income
Q2-23
■Trade Finance
Q3-23
Q4-23
Q4-22
Brokerage and AM Fees
Q1-23
■FX & Derivative
Q2-23
Property & Others
Q3-23
Investment Securities
Q4-23
19View entire presentation